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Memphis, TN 38118 has a population of approximately 38,973 and experiences a population change rate of -17.41%. The population density is 1,249 / sq mi .
The median household income for Memphis, TN 38118 is $38,589, with 12,665 households and an average household size of 3.05.
The median value of a home in Memphis, TN 38118 is $124,500 with an appreciation rate of 15.00%. 33.96% of housing in the state is owned while 45.87% is rented.
The cost of living in Memphis, TN 38118 is 84.6 %.
The unemployment rate in Memphis, TN 38118 is 3.50%, and recent job growth is at -0.42%. Future job growth is projected at 30.31%.
The sales tax rate in Memphis, TN 38118 is 9.75%, while the income tax rate is 0.00% .
School expenditures in Memphis, TN 38118 are $12,225, and the school ratio is 15.8:1.
The average high temperature in July is 91 degrees, with an average low temperature in January of 30.7 degrees. The average rainfall is approximately 54.6 inches per year, with 3 inches of snow per year.
